The following items were taken from the financial statements of Sexton Company. (All dollars are in thousands.)

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The following items were taken from the financial statements of Sexton Company.

(All dollars are in thousands.)

Long-term debt $ 1,000 Accumulated depreciation SS ZILDS Prepaid insurance 680 Accounts payable 1,444 Equipment 11,500 Notes payable (due after 2015) 800 Long-term investments 1,200 Common stock 10,000 Short-term investments 3,619 Retained earnings 4,750 Notes payable (due in 2015) 500 Accounts receivable 1,696 Cash 2,668 Inventory 1256 Instructions Prepare a classified balance sheet in good form as of December 31, 2014.

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Financial Accounting

ISBN: 9780470929384

8th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, J. Mather

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